TON, the Telegram-linked cryptocurrency, noticed a short-term bearish-to-bullish reversal sample in latest buying and selling, discovering key assist at $3.25 after important promoting strain triggered a quantity spike of over 152K in a single hour, in accordance with CoinDesk Analysis’s technical evaluation mannequin.
The CoinDesk 20 — an index of the highest 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and change cash — is up 2.5% within the final 24 hours.
Technical Evaluation
• Worth declined from $3.33 to $3.26, representing a 2% lower over 24 hours.
• Important volume-driven selloff noticed value drop sharply to $3.26 on 8.23 million quantity — practically triple the 24-hour common.
• Key assist emerged at $3.22-$3.22, with high-volume resistance at $3.34-$3.35.
• The 4-hour transferring common continues to development downward, indicating potential additional weak point.
• Bearish-to-bullish reversal sample noticed within the final hour with value dropping to $3.25 earlier than recovering to $3.26.
• The $3.25-$3.25 zone has established itself as a possible key short-term assist stage.
• Resistance stays at $3.28-$3.28 the place promoting strain intensified earlier.
Disclaimer: Elements of this text have been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Coverage.
